318 South Palmetto Avenue
Sanford, FL 32771
$1,577,700
Price
9
Beds
9
Baths
6,112 Sq. Ft.
$258 / Sq. Ft.
6,112
Sq. Ft.
$258
per Sq. Ft.
Description
The Sirrine House is one of the most Historic buildings in the city. It is the oldest hotel still standing in Sanford. It was converted to apartments in 1929. It's located just 2 blocks south of 1st Street and 4 from beautiful Lake Monroe and the St Johns Riverwalk. This 9/10 unit apartment building is loaded with History and Charm on .34 acres in the heart of Downtown. Eight units have refinished original hardwood floors, some wood doors with glass knobs, many boast 10 foot ceilings, picture rails...The Sirrine House is one of the most Historic buildings in the city. It is the oldest hotel still standing in Sanford. It was converted to apartments in 1929. It's located just 2 blocks south of 1st Street and 4 from beautiful Lake Monroe and the St Johns Riverwalk. This 9/10 unit apartment building is loaded with History and Charm on .34 acres in the heart of Downtown. Eight units have refinished original hardwood floors, some wood doors with glass knobs, many boast 10 foot ceilings, picture rails and plenty of natural light and windows. Other historic features include, claw foot tubs, drain board kitchen sinks, tin ceilings and walls. Also, built in cabinets and wardrobes in the bedrooms. There are porches and balconies with tree top views surrounding the building. There is an outside paver patio area for residents to use under the beautiful oak tree. What’s not to love about Historic Sanford! It’s an amazing walking community with unique shops, award winning restaurants, so many night spots with live music and micro breweries. The building has many updates: Re-piped, metal roofs replaced, refinished original hardwood floors, gutters, intellijack steal supports, fire alarm panel, cellular communicator, fire sprinkler system and on going repairs and maintenance. Over the years the property has experienced excellent occupancy and many long-term tenants with rents received on or before the 1st of the month. THREE OF THE UNITS ARE FURNISHED with higher rental rates. Several rents are lower than market value because long term of amazing tenants. There is an unfinished 10th unit. This is a Terrific opportunity to own an Income Property in the Heart of Historic Sanford, A MUST SEE!
- Listed by Debbie Weaver • PREMIUM PROPERTIES REAL ESTATE
Property Details for 318 South Palmetto Avenue
Subdivision Name
SANFORD TOWN OF
Township19
ViewCity, Garden
WaterfrontNo
LISTING UPDATED: 11/19/2024 07:06 AM
Property Details for 318 South Palmetto Avenue
| Status | Active |
|---|---|
| MLS # | O6245237 |
| Days on Market | 71 |
| Taxes | $9,211 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Multi-Family |
| Year Built | 1901 |
| Lot Size | 0.34 AC / 14,742 SF |
| County | Seminole County |
Building Information for 318 South Palmetto Avenue
Stories-Residences9Year Built1901Building Size-Lot Size0.34 AC / 14,742 SF
Property Information for 318 South Palmetto Avenue
Summary
Location and General Information
- Building Area Units: Square Feet
- Directions: I-4 TO SR 46 TOWARD HISTORIC SANFORD. GO 4 MILES IT TURNS INTO 1ST STREET. TURN RIGHT ON PALMETTO AVE AND TWO BLOCKS TO 318 S PALMETTO AVE IS ON THE RIGHT.
- Mls Major Change Type: New Listing
- Major Change Type: New Listing
- Listing Service: Full Service
- Senior Community: No
- Unit Number: No
- Street Number: 318
- Street Direction Prefix: S
- Street Name: PALMETTO
- Street Suffix: AVENUE
- State: FL
- City: SANFORD
Parking
- Available For Lease: Yes
- Carport: No
- Garage: No
Taxes and HOA Information
- Association: No
- CDD: No
- Tax Block: 5
- Tax Book Number: 1-58
- Tax Legal Description: S 3/4 OF LOT 5 + ALL LOTS 6 7 + 8 BLK 5 TR 2 TOWN OF SANFORD PB 1 PG 58
- Tax Lot: 5
- Tax Year: 2023
Virtual Tour
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/stellar/O6245237
Property
Lot Information
- Additional Parcels: No
- Lot Features: Corner Lot, Historic District, In City Limits, Landscaped, Near Marina, Oversized Lot, Sidewalk
- Parcel Number: 25-19-30-5AG-0502-0060
- Total Acreage: 1/4 to less than 1/2
- Total Num Buildings: 1
- Water Access: No
- Water Extras: No
- Zoning: SC3
- Living Area: 6112
Property and Assessments
- Year Built Numeric: 1901
- Flood Zone Code: X
- Flood Zone Date: 09-28-2007
- Flood Zone Panel: 12117C0070F
- New Construction: No
- Property Condition: Completed
- Public Survey Range: 30
- Public Survey Section: 25
- Dock YN: No
Utilities
- Green Water Conservation: Irrigation-Reclaimed Water
- Sewer: Public Sewer
- Utilities: Other
- Water Source: Public
- Num Electric Meters: 10.0
- Num Water Meters: 2.0
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Frame
- Exterior Features: Balcony, Courtyard, Irrigation System, Rain Gutters, Sidewalk
- Foundation Details: Crawlspace, Pillar/Post/Pier
- Levels: Two
- Patio And Porch Features: Covered, Front Porch, Screened
- Pool Private: No
- Pool: None
- Pool Private: No
- Roof: Metal, Shingle
- Security Features: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
- Waterfront Feet Total: 0
Interior Features
- Bedrooms Total: 9
- Appliances: Electric Water Heater, Range, Refrigerator
- Cooling: Central Air, Other, Wall/Window Unit(s)
- Fireplace: No
- Flooring: Tile, Vinyl, Wood
- Heating: Central, Other
- Interior Features: Built in Features, Ceiling Fans(s), High Ceiling(s), Solid Wood Cabinets, Window Treatments
- Laundry Features: Other
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Water View: No
- Window Features: Blinds, Drapes
Multi Family
Multi-Family Information
- Annual Net Income: $110,000.00
- Est Annual Market Income: $160,000.00
- Unit Count: 1
Unit 1
- Unit Type Baths Total 1: 1
- Unit Type Beds Total 1: 1
- Unit Type Number Of Units Occupied 1: 9
- Unit Type Pro Forma 1: 1450
- Unit Type Type 1: 1 Bed/1 Bath
- Unit Type Units Total 1: 9
Rental
Rental Information
- Tenant Pays: Electricity
Property History for 318 South Palmetto Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 318 South Palmetto Avenue
Taxable ValueLand-Additions-Total-
Tax Record2024$10,182 ($848 / month)
Home Facts
Baths9Total Finished SqFt6,112 SqFtAbove Grade Finished SqFt6,112 SqFtStories1Lot Size14,742 SqFtStyleMulti-Family Dwelling (2-4)Year Built1901Year Renovated1980CountySEMINOLEAPN25-19-30-5AG-0502-0060
Schools near 318 South Palmetto Avenue
This home is within Seminole County Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Midway Elementary School PublicPK to 5 | ||
Pine Crest Elementary School PublicPK to 5 | ||
Hamilton Elementary School PublicPK to 5 | ||
Markham Woods Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of PREMIUM PROPERTIES REAL ESTATE, Debbie Weaver
The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/19/2024 07:06 AM
